Knight/Trimark Group, Inc. Message Board

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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: Sir Francis Drake who wrote (3426)	8/11/1999 7:16:00 PM
From: Joseph Silent	Read Replies (2) of 10027

Morgan, I suppose there will be a dozen or more ways to hold the report up against the light and look at it, but honestly, I can't help thinking that a $20 mil buyback (less than a million shares now) is that big a deal, given the kind of churn we have been seeing. So I'm not too concerned about that. I understand we can say that we've lost faith in the management etc., but its one of those things, I guess. We just don't know all, and its always a problem. They feel they know what to do with the money. The buyback was approved on October 1998. The buyback was cancelled on July 21, 1999. They had plenty of time to buy cheap last year, if they really wanted to. Perhaps they never really intended to, and it was only a signal to the investors at the time. Just wondering, as always :) Joseph

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